1. AGE : Statistics carry the most clout with insurance companies for establishing rates. This proves especially true with ages. Evidence collected over the years reveal which age groups are most susceptible to accidents. So if you're currently in
an age group that's factually proven as high risk, you'll face higher premiums. (SOURCE: www.dmv.org)
2. OCCUPATION: Again, insurance companies are looking to statistics. They actually do careful analysis on every demographic factor imaginable. According to DMV.org, these occupations carry the lowest auto insurance premiums:
These jobs may not seem to have much in common at first glance, but they all require a meticulous nature and a careful attention to detail. This attention to detail translates well into safe driving habits. Retired people and people who work at home also have lower than average car insurance premiums, although the reason these people are considered low risk is because they generally have low mileage. (SOURCE: www.dmv.org)
3. LOCATION: Car insurance companies consider your zip codes when calculating your rate. Extensive research is done on the amount of accidents that occur in any given zip code.
4. CREDIT RATING: Insurance companies want to know if you pay your bills and your credit score is a good indicator.
The list could go on. Insurance companies take into consideration gender, marital status, the year and make of your vehicles and of course, your personal driving record.
When that renewal packet comes in the mail though, you are always encouraged to get a quote. Shop the market. Companies you may have even been with in the past may have the lowest rates now. Be sure to get a quote from an Independent Insurance Agent. At D'Amico & Associates, we represent over a dozen Auto Insurance companies and we can get an accurate quote from each of them. Be careful when shopping not to reduce your coverage just to get a low rate. In the event of an accident you want to be sure you have the coverage you need. Give our office a call at (352) 241-4678 to receive your auto quote today.